Question
Dealer 1 offers the following exchange rates: 1 USD = 1.274 CAD 1 USD = 0.81 GBP Dealer 2 offers the following exchange rates: 1
Dealer 1 offers the following exchange rates:
1 USD = 1.274 CAD 1 USD = 0.81 GBP Dealer 2 offers the following exchange rates: 1 CAD = 0.919 GBP
What is the arbitrage profit on $15,167?
Enter your answer round off two two decimal points.
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
